TheStreet reaffirmed their buy rating on shares of McDonald’s Corp. (NYSE:MCD) in a report released on Wednesday, AnalystRatings.NET reports.
“McDonald’s Corporation (MCD) has been reiterated by TheStreet Ratings as a buy with a ratings score of A. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.,” TheStreet’s analyst wrote.
MCD has been the subject of a number of other recent research reports. Analysts at Buckingham Research initiated coverage on shares of McDonald’s Corp. in a research note to investors on Wednesday. They set a neutral rating on the stock. Separately, analysts at Piper Jaffray cut their price target on shares of McDonald’s Corp. from $110.00 to $105.00 in a research note to investors on Friday, November 15th. They now have an overweight rating on the stock. Finally, analysts at Janney Montgomery Scott cut their price target on shares of McDonald’s Corp. to $98.00 in a research note to investors on Friday, November 15th. They now have a neutral rating on the stock. Fifteen equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $102.08.
Shares of McDonald’s Corp. (NYSE:MCD) traded up 0.03% during mid-day trading on Wednesday, hitting $95.74. 2,848,108 shares of the company’s stock traded hands. McDonald’s Corp. has a 52-week low of $86.81 and a 52-week high of $103.70. The stock has a 50-day moving average of $96.6 and a 200-day moving average of $97.38. The company has a market cap of $95.264 billion and a P/E ratio of 17.28.
McDonald’s Corp. (NYSE:MCD) last posted its quarterly earnings results on Monday, October 21st. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.01. The company had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.34 billion. During the same quarter in the prior year, the company posted $1.43 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. Analysts expect that McDonald’s Corp. will post $5.56 EPS for the current fiscal year.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.
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